Under malware attack: Smart cards used by US government agencies

A new version of the Sykipot Trojan is targeting smart card readers made by ActivIdentity, a company that provides authentication software to several high-profile agencies and businesses around the world.

Read Article...

User

Why workers in China are threatening mass suicide

Electronics-manufacturing giant Foxconn, which saw 14 employees commit suicide at its Chinese plants in 2010, has come under renewed pressure after a group of workers reportedly threatened to jump from a building last week.

Read Article...

User

RBI to consider falling food prices in monitory policy review

 

New Delhi: The Reserve Bank of India (RBI) Thursday said that it will take into account the declining food prices while taking a view on the monetary policy which comes up for review later in the month, reports PTI.

“The impact of food prices on (inflationary) expectations is certainly a factor that needs to be taken into account,” RBI deputy governor Subir Gokarn said here.

Although there is no direct relation between food inflation and monetary policy decisions, he said prices of essential kitchen items do impact inflationary expectations in the economy.

“The role of food inflation is essentially on expectations ... there is no direct link between monetary policy action and food prices,” Mr Gokarn said.

Food inflation remained in the negative territory for two consecutive weeks and was (-) 2.90% for the week ended 31st December.

The overall inflation in November was 9.11% and chief economic advisor Kaushik Basu said he expects the WPI number to come down below 7.5% in December helped by declining food inflation.

Food inflation accounts for 15% in the overall inflation basket. Overall inflation has been above 9% mark since December 2010.

Mr Gokarn said, “Increasing affluence is driving significant demand increases ... and the fact that inflation or prices are rising quite sharply basically suggest that the supply response is relatively weak”.

The RBI has raised rates 13 times since March 2010 to control inflation by taming demand. It is scheduled to come out with its third quarter policy review on 24th January.

The industry wants the Reserve Bank to reduce interest rates with a view to arresting slowdown and boosting industrial growth. The industrial growth which turned negative in October, showed an increase of 5.9% in November.

Food inflation, Mr Gokarn said, as a phenomenon “is something to be treated as a persistent source of inflation, with pressure on prices and policy response to it naturally has to be driven in that perspective”.

 

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)